A combination of purportedly and supported, usually used in a sarcastic manner when one's story is hard to believe.
1 - He supportedly was only helping that sheep over the the fence.
2 - Supportedly the schwag was as good as the Humboldt.
3 - He supportedly only spent ten dollars at the Strip Club.
A Shackteau is a humble, weather-beaten, structurally questionable shelter located in a spectacular or highly coveted place—Wales, Jackson Hole, Sun Valley, Crested Butte, coastal Maine, the Alps—where the building itself may be worth almost nothing, but the dirt, view, access, and mythology make it absurdly valuable.
In use:
Shackteâu - We thought it was an abandoned shed until the realtor called it a rare alpine Shackteâu with unobstructed views and listed it for $2million.